Direct finance in the Dutch Golden Age
Bibliographic Data
| ID | 3262899 |
|---|---|
| Authors | Oscar Gelderblom (0000-0003-3083-8747, Utrecht University and University of Amsterdam), Joost Jonker (Utrecht University and University of Amsterdam), Clemens Kool (Utrecht University and University of Amsterdam) |
| Year | 2016 |
| Volume | 69 |
| Issue | 4 |
| Pages | 1178-1198 |
| Publication date | 2016-11-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Economic History Review (JOURNAL) |
| Journal identifiers | ISSN: 0013-0117 • E-ISSN: 1468-0289 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/ehr.12285 |
| OpenAlex | W2470401300 |
| Language | EN |
| Citations received | 11 |
| References cited | 23 |
This article analyses private credit operations in Amsterdam in the seventeenth century to explain the absence of deposit banks. The financial system was highly segmented and a combination of declining business margins and narrow interest rate spreads cut the scope for deposit taking. Moreover, merchants had easy access to credit in the form of short-term loans which could be easily rolled over, or replaced at will. This technique worked well because a market developed providing key functions to control risk and price loans accordingly
Business · Control (management) · Economics · Financial system · Interest rate · Management · Monetary economics · Scope (computer science) · Computer Science · Finance · Historical Economic and Legal Thought · Historical Economic and Social Studies
Money, Banking, and Old-School Historical Economics
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Financial Systems and Economic Modernization
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| Unique citing works | 11 |
|---|---|
| Citations per year | 1,22 |
| Citation span | 2017 - 2025 (9) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 8 |